Hessel & Associates, LLC
|
401(k) Retirement Plan Administrator Midwest TPA with Remote Workforce
|
Site Manager / Senior Administrator Nicholas Pension Consultants
|
Hicks Pension Services
|
MGKS
|
Junior Implementation Specialist - 401(k) Administration Ubiquity Retirement + Savings
|
CMC Pension Professionals
|
NFL Player Benefit Office
|
Primark Benefits
|
Compliance Analyst - 401(k) Administration Ubiquity Retirement + Savings
|
EPIC RPS
|
Manager - Defined Contribution Plans M2B Retirement Consulting LLC
|
Senior Defined Contribution Account Manager Nova 401(k) Associates
|
Retirement Plan Relationship Manager â DB or DC Focus Trinity Pension Consultants
|
United Benefit Pensions Inc.
|
Jocelyn Pension Consulting
|
Aimpoint Pension
|
Loren D. Stark Company
|
Retirement, LLC
|
Loren D. Stark Company
|
Nicholas Pension Consultants
|
Director of Pension Administration Primark Benefits
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
Question 35: A is 100% owner of two S corps and would like to establish SIMPLE IRAs for both. Can A defer up to $6,000 in each SIMPLE IRA? Also, would his dollar-for-dollar matching contribution be based on his combined income (up to maximum of $200,000) from both S corps? |
Answer: Here's someone who wants to have his cake and eat it too! He wants to combine the businesses to compute compensation but split them for the deduction limits. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
Related links: |